Punj Lloyd rises on bagging Rs 308 crore infrastructure order in Dubai

25 Feb 2016 Evaluate

Punj Lloyd is currently trading at Rs. 22.55, up by 0.10 points or 0.45% from its previous closing of Rs. 22.45 on the BSE.

The scrip opened at Rs. 22.55 and has touched a high and low of Rs. 22.65 and Rs. 22.40 respectively. So far 77219 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.75 on 28-Feb-2015 and a 52 week low of Rs. 20.75 on 20-May-2015.

Last one week high and low of the scrip stood at Rs. 23.30 and Rs. 21.85 respectively. The current market cap of the company is Rs. 752.20 crore.

The promoters holding in the company stood at 36.93%, while Institutions and Non-Institutions held 9.84% and 53.24% respectively.

Punj Lloyd has won Rs 308 crore infrastructure order in Dubai, United Arab Emirates. The contract has been awarded to the company by Front Line Investment Management Co. LLC, subsidiary of Damac Properties Development LLC, for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen master development offering a luxury lifestyle at the heart of nature in Al Yufrah 2, Dubai.

Only 25 minutes from the centre of the city along the Umm Suqeim Expressway and spread over 55 million square feet, Akoya Oxygen is a breathtaking community offering cleaner air, naturally cooler temperatures and a carefully designed master plan and road network system to reduce pollution, with dedicated spaces for bicycles and hybrids.

The community will feature a selection of opulent homes set within endless green with 18-hole championship golf course, luxurious five-star hotel as well 2,000 hotel apartments, luxury Retail Strip (Vista Lux) encompassing 1 million square foot entertainment and retail district featuring a waterway and more than 1.5 km of walkway. With this win, the Group's order backlog stands at Rs 25,708 crore. The order backlog is the value of unexecuted orders on December 31 2015 plus new orders received after that date.

Punj Lloyd is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector. The second largest engineering and construction company in India. The company has operations spread across 24 countries, a mix across the Middle East, Africa, the Caspian, Europe, Asia Pacific and South Asia.

Punj Lloyd Share Price

2.23 0.00 (0.00%)
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